Internal Control Officer at Fastcash Global Limited

About the Role

An Internal Control Officer will be responsible for ensuring adherence to policies, regulations, and risk mitigation strategies through various control functions.

Key Responsibilities

• Conduct regular internal and spot checks on branch operations, transactions, and other activities to ensure compliance with company policies and procedures
• Ensure all operations adhere to relevant regulations from the Central Bank of Nigeria (CBN), including AML/CFT, KYC, and other regulatory requirements
• Identify and assess financial and operational risks, evaluate the effectiveness of internal controls, and develop strategies to minimize exposure
• Detect irregularities and potential fraud in financial transactions, customer accounts, and payrolls; investigate discrepancies and report findings to management for corrective action
• Verify payment vouchers, loan disbursements, and customer documentation; review and sign off on key financial registers at month-end
• Prepare and submit regular reports on audit findings, risk exposure, and control deficiencies to senior management
• Assist in preparing regulatory returns to authorities
• Recommend corrective actions and improvements to internal processes and control systems to enhance efficiency and effectiveness
• Act as a point of contact for regulators and assist in special investigations when required

Required Skills and Qualifications

• Strong understanding of microfinance banking operations and internal control principles
• Proficiency in financial and operational risk management
• Experience with fraud prevention and investigation
• Knowledge of relevant regulatory requirements, such as CBN regulations, AML/CFT, and KYC
• Excellent attention to detail, communication, and reporting skills